Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Company and its structure and rules in Dubai and UAE

By Bravo Charli Subscribe to RSS | August 26th 2012 | Views:
loading
 
  



Company is an organization which is an association of different individuals, whether real people or other companies, primarily formed with the aim of doing business and earning profits for its shareholders or members. These individuals provide some sort of capital in the company, either during its formation or after its development to become members or shareholders of it. The key trait which distinguishes company from other sorts of business organizations is that it is considered a separate individual having a unique identity and personality in the eyes of law. This legal person, that is the company, has rights and obligations of its own therefore it can sue someone for the violation of its own rights and can be sued by others in the case of infringement of their rights.

The companies are usually referred to as by the name “limited”. These are called limited because the liability of its members and shareholders are limited to an extent and these cannot be directly sued by someone for company’s affairs and similarly they can’t sue someone directly. The capital and assets of the company are company’s personal wealth and property, and its members have no direct right and claim over it.

Companies are a popular arrangement of business in the whole world especially in the continuously developing emirates and states of UAE particularly in Dubai, Abu Dhabi and Ajman. In the past, the process for Dubai company formation and other emirates was different. Each emirate used to have a unique procedure for the incorporation of company and foreign business rules. However after 1984, steps were taken to make a single codified companies law that deals with and is applicable to all the emirates in UAE including company formation Dubai, Sharjah, Ajman and Qatar. This law also applies to the Abu Dhabi company set-up requirements. This company law has outlined seven types of companies that can be formed in UAE that are General partnership company, Partnership-en-commendams, Joint venture company, Public shareholding company, Private shareholding company, Limited liability company, Share partnership company.

The UAE company law has made a requirement for all the UAE established companies to be owned in at least 51% proportion by the local UAE residents except in certain special conditions in which 100% ownership by local UAE residents is required. There is also a basic requirement of obtaining a license for conducting the business activity. These licenses fall in three categories, commercial, professional and industrial. A company has to obtain the required license before it can commence trading.

To encourage individuals and other companies to establish Dubai company incorporation and other emirates of UAE, a lot of free zones are being created in Dubai, Ajman, Abu Dhabi and in other parts of UAE. These free zone company Ajman, Dubai, Abu Dhabi and Sharjah etc enjoy an exemption of duty on the goods.

Dubai has a great population of people. Due to the recent development, great population of people, great opportunities, free zones being developed and a promising future growth, a lot of investors are making their way into the Dubai business market. A lot of new industries and companies are nowadays being set-up in Dubai giving a further boost to Dubai’s economy and GDP. These companies are being formed for a lot of businesses including tourism, mobile phones, telecommunication, retail, advertising and marketing and transportation.

Bravo Charli - About Author:
SSC Dubai company incorporation is the number one resource in UAE for Dubai company formation and abu dhabi company set-up

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/management-articles/company-and-its-structure-and-rules-in-dubai-and-uae.htm

Related Management Articles Subscribe to RSS

Why MHT is a reputable company in energy saving products
Published by MHT Lighting on July 30th 2012 | Business
MHT Lighting is a lead US manufacturer for energy efficient induction lighting. The company is known...
 
Things to Consider while location shopping for the best option to establish a company in UAE
Published by Andy Cena on April 27th 2012 | Management
Those wishing to establish a company in UAE have their task cutout for them. Quality infrastructure,...
 
When you are to choose forklift hire company
Published by Glyn Spyke Jones on May 8th 2012 | Business
Hiring the forklifts is the best alternative if your own forklift is not working due to some breakdo...
 
Get a dedicated server for your company
Published by Genevieve Ackles on January 21st 2012 | Business
Are you an online business? Then you should know how important a dedicated server is for your compan...
 
How to set up a limited company in UK
Published by Nrainman on December 6th 2011 | Management
Limited company formation is the most popular format of company formation. There are certain laws fo...
 
How to search for a good IT network support company
Published by Charles Brinkman on April 22nd 2012 | Business
If you are running a business, then you need the support for a good IT network support company. Lear...
 
Arizona property management company excels in offering high standard services within reasonable price
Published by Rajeevdubey on June 20th 2012 | Management
Properties matters should be handled wisely. Be it related to renting your home or sell/purchase of ...
 
What an accountancy company can offer a business.
Published by Johnny Harman on March 15th 2012 | Management
If you own a portion of a business or manage a company there are a number of extra tasks which you w...
 
Want a good painting company in Orlando? Here’s what to look for and how to find one
Published by Daniel Painting Service on May 25th 2012 | Business
Whether you’re painting your house’s exterior or giving the interior a new look, a professional ...
 
Name badges nourishes the company’s industrial
Published by Ema Sis on March 27th 2012 | Business

A name badge at the moment are the greater feature to research a business along with it should b...
 
How Phone call tracking assist a company?
Published by Delacon on December 16th 2011 | Business

Phone call tracking provides immediate & elaborated phone-call analytics reports. This report co...
 
A guide to help choose the best sheet metal fabrications company
Published by Johnsmith on August 4th 2012 | Business
A reputed fabricator will have capabilities to handle large contracts easily. Each of these stages w...
 
Promote your company with Custom Umbrellas!!!!
Published by Sodablues on January 9th 2012 | Business

There is a broad array of custom umbrellas accessible in the market at the moment constituting, ...
 
Before you set up an E-commerce website, be sure to get the right Malaysia web design company to help you out.
Published by Jack on June 14th 2012 | Business
The E-commerce industry in Malaysia is now emerging stronger and faster than ever. Malaysia is one o...
 
Online company registration
Published by Amber Dorsch on February 27th 2012 | Management
There are many benefits of these online company formation and company registration. But the main con...
 
Why you should choose RSC for your company’s Risk Assessments?
Published by Risksafetyconsultants on April 12th 2012 | Business
Health and safety consultancy Sheffield consists of experts having years of experience in the field....
 
Moving company Dubai: Services and benefits of hiring a professional mover
Published by Edmund Brunetti on March 13th 2012 | Business
If you are moving to Dubai, you must take professional help of the best mover for a safe & secure re...
 
Assure your company’s growth with competent marketing consultants
Published by Marketingspace on May 14th 2012 | Business
Undertaking promotional activities to advertise various products is an essential thing for any sort ...
 
What it takes to set up a company in China
Published by Barker Hicks on April 28th 2012 | Business
When foreign investors want to set up company in China it is advisable for them to review their inve...
 
Get thermal insulation materials by a reliable company
Published by Christy Jackson on April 30th 2012 | Business
The article is based on the thermal insulation materials offered by the retailers. It talks about th...